{"id":24417,"date":"2023-05-22T06:55:28","date_gmt":"2023-05-22T10:55:28","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=24417"},"modified":"2023-05-22T06:55:28","modified_gmt":"2023-05-22T10:55:28","slug":"tron-price-prediction-trx-extends-rally-as-bulls-eye-0-08","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/05\/22\/tron-price-prediction-trx-extends-rally-as-bulls-eye-0-08\/","title":{"rendered":"Tron Price Prediction: TRX Extends Rally As Bulls Eye $0.08"},"content":{"rendered":"

Tron price is up over 5% and gaining pace above $0.072 against the US Dollar. TRX outperformed Bitcoin and could rise further toward $0.080.<\/em><\/p>\n

Tron is trading in a positive zone above the $0.0720 pivot level against the US dollar.
\nThe price is trading above $0.072 and the 100 simple moving average (4 hours).
\nThere is a major bullish trend line forming with support near $0.0728 on the 4-hour chart of the TRX\/USD pair (data source from Kraken).
\nThe pair is likely to continue higher if it clears the $0.0765 resistance level.<\/p>\n

Tron Price Rallies 5%<\/h2>\n

In the past few sessions, Tron\u2019s price gained pace above the $0.0700 level against the US Dollar, outperforming Bitcoin<\/a> and Ethereum<\/a>. TRX broke many hurdles near the $0.072 resistance and the 100 simple moving average (4 hours).<\/p>\n

The price traded close to the $0.0780 resistance. A high is formed near $0.0768 and the price is now consolidating gains near the 23.6% Fib retracement level of the upward move from the $0.0668 swing low to the $0.0768 high. It is now trading above $0.072 and the 100 simple moving average (4 hours).<\/p>\n

There is also a major bullish trend line forming with support near $0.0728 on the 4-hour chart of the TRX\/USD pair. On the upside, an initial resistance is near the $0.0750 zone.<\/p>\n\n

Source: TRXUSD on TradingView.com<\/a><\/p>\n

A close above the $0.0750 resistance might send TRX further higher. The next major resistance is near the $0.0768 level, above which the bulls are likely to aim a larger increase toward the key $0.0800 zone in the coming sessions. Any more gains could set the pace for a move toward the $0.082 level.<\/p>\n

Dips Likely to be Limited in TRX<\/h2>\n

If TRX price fails to clear the $0.0768 barrier, it could correct lower. Initial support on the downside is near the $0.0728 zone and the trend line.<\/p>\n

The next major support is near the $0.0720 level or the 50% Fib retracement level of the upward move from the $0.0668 swing low to the $0.0768 high. The main support is $0.0700, below which there is a risk of a move toward the $0.0668 support.<\/p>\n

Technical Indicators<\/p>\n

4 hours MACD \u2013 The MACD for TRX\/USD is losing momentum in the bullish zone.<\/p>\n

4 hours RSI (Relative Strength Index) \u2013 The RSI for TRX\/USD is currently above the 65 level.<\/p>\n

Major Support Levels \u2013 $0.0728, $0.0720, and $0.0700.<\/p>\n

Major Resistance Levels \u2013 $0.0750, $0.0768, and $0.080.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Tron price is up over 5% and gaining pace above $0.072 against the US Dollar. TRX outperformed Bitcoin and could rise further toward $0.080.<\/em><\/p>\n

Tron is trading in a positive zone above the $0.0720 pivot level against the US dollar.
\nThe price is trading above $0.072 and the 100 simple moving average (4 hours).
\nThere is a major bullish trend line forming with support near $0.0728 on the 4-hour chart of the TRX\/USD pair (data source from Kraken).
\nThe pair is likely to continue higher if it clears the $0.0765 resistance level.<\/p>\n

Tron Price Rallies 5%<\/h2>\n

In the past few sessions, Tron\u2019s price gained pace above the $0.0700 level against the US Dollar, outperforming Bitcoin<\/a> and Ethereum<\/a>. TRX broke many hurdles near the $0.072 resistance and the 100 simple moving average (4 hours).<\/p>\n

The price traded close to the $0.0780 resistance. A high is formed near $0.0768 and the price is now consolidating gains near the 23.6% Fib retracement level of the upward move from the $0.0668 swing low to the $0.0768 high. It is now trading above $0.072 and the 100 simple moving average (4 hours).<\/p>\n

There is also a major bullish trend line forming with support near $0.0728 on the 4-hour chart of the TRX\/USD pair. On the upside, an initial resistance is near the $0.0750 zone.<\/p>\n

Source: TRXUSD on TradingView.com<\/a><\/p>\n

A close above the $0.0750 resistance might send TRX further higher. The next major resistance is near the $0.0768 level, above which the bulls are likely to aim a larger increase toward the key $0.0800 zone in the coming sessions. Any more gains could set the pace for a move toward the $0.082 level.<\/p>\n

Dips Likely to be Limited in TRX<\/h2>\n

If TRX price fails to clear the $0.0768 barrier, it could correct lower. Initial support on the downside is near the $0.0728 zone and the trend line.<\/p>\n

The next major support is near the $0.0720 level or the 50% Fib retracement level of the upward move from the $0.0668 swing low to the $0.0768 high. The main support is $0.0700, below which there is a risk of a move toward the $0.0668 support.<\/p>\n

Technical Indicators<\/p>\n

4 hours MACD \u2013 The MACD for TRX\/USD is losing momentum in the bullish zone.<\/p>\n

4 hours RSI (Relative Strength Index) \u2013 The RSI for TRX\/USD is currently above the 65 level.<\/p>\n

Major Support Levels \u2013 $0.0728, $0.0720, and $0.0700.<\/p>\n

Major Resistance Levels \u2013 $0.0750, $0.0768, and $0.080.<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-24417","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/24417","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=24417"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/24417\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=24417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=24417"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=24417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}